Gray agreed to transfer lot number 77 on the levee in Quindaro to Klaus in return for $100 in cash in six months and $1000 worth of mason work, labor, and materials for building in Quindaro. The document outlined various prices for mason work with cut sand stone corners, dust sand stone window and door caps and sills, etc. Gray was to deliver a design for the building before the memorandum was signed but the purpose of the building was not specified.